FAS Quiz

An authority issued by the DBM to central, regional and provincial offices and operating units through the authorized government servicing banks of the MDS, to cover the cash requirements of the agencies

• Notice of Cash Allocation

• Notice of Transfer of Allocation

• Advice of Cash Receipts

A specific authority issued to identified agencies to incur obligations not exceeding a given amount during a specified period for the purpose indicated.

• Government Allotment Release Order

• Specific Allotment Release Order

• Special Allotment Release Order

Liabilities legally incurred and committed to be paid for by the government either immediately or in the future.

• Due to National Government Agencies

• Obligations

• Disbursements

refers to documents issued by the Procuring Entity as the basis for Bids, furnishing all information necessary for a prospective bidder to prepare a bid for the Goods, Infrastructure Projects, and Consulting Services to be provided

• Invitation to Bid

• Terms of Reference

• Bidding Documents

Refer to expenditures to support the operations of government agencies such as expenses for supplies and materials; transportation and travel; utilities (water, power, etc.) and the repairs, etc.

• Maintenance and Office Operating Expenses

• Maintenance and Other Operating Expenses

• Maintenance and Other Office Expenses

refer to those goods , materials and equipment that are used in the day to day operations of the procuring entities in the performance of their functions

• Semi-Expendable Office Equipment

• Common-Use Supplies and Equipment

• Property Plant and Equipment

At the Box C of the Disbursement Voucher, the Accountant certifies that Cash is available, Subject to ADA (if applicable) expenses necessary, lawful and under my direct supervision.

TRUE OR FALSE

• True

• False

__________ certifies the availability of allotment for a certain transaction.

• Accountant

• Budget Officer

• Division Chief

__________ certifies the cash availability for a certain transaction.

• Accountant

• Budget Officer

• Cashier

Under the TRAIN Law, what is the threshold for income to be considered as non-taxable ?

• 150,000.00 annual income

• 250,000.00 annual income

• 25,000 monthly income